Residents in battle to save village pub

AUTHOR(S)

Degun, Gurjit

PUB. DATE

May 2013

SOURCE

Publican's Morning Advertiser;5/30/2013, Issue 104, p50

SOURCE TYPE

Trade Publication

DOC. TYPE

Article

ABSTRACT

The article offers information that the residents in Sidbury, Devon, England have united to save the last pub in their village after it has been put on sale by Punch Taverns PLC and mentions that a group of the community Red Lion Campaign Group will seek advice and look at issues to save the pub.

The article features Punch Taverns, a pub and bar operator in Great Britain. It offers information on the operator's net income which grew by 1.4%, its restructuring of the 2.3 billion pound debt, and its portfolio which contains 75% core estate. Also included in the information provided are its...

The article informs that Punch Taverns PLC, a pub and bar operator, which is unable to guarantee about the tenants deposits in an event of a default on its 2.3 million pound debt as of February 2014. Topics discussed include total value of the deposits which is estimated to be 22.6 million...

The author discusses the business models of two tenanted pubcos in Great Britain, Enterprise Inns PLC and Punch Taverns PLC. According to Enterprise Inns boss Ted Tuppen, the company has the advantage since it acquired better pubs attracting more licensees. The author describes the approach...